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he is big cheese. >> is the united states losing its competitive edge. the world economic forum says yes. we'll speak to the head of the u.s. arm, kevin steinberg about surprising results in this group's new study. time for stocks. been 15 minutes since we last checked in with nicole. melissa: has it already? lori: time is flying by. we're having a great time, except if you're long the market you're not having a great time. nicole? >> we lost some of our earlier gains, that's true. s&p and nasdaq composite turned back into the red. they weren't too far off the unchanged line, .2 and moves we're really seeing and the dow is flat at the moment but we've had a lot of names on the move. the vix, the fear index, is to the downside. a lot of focus on the ecb in the next 24 hours. that is grabbing the attention of wall street. the jobs number, a big feature here, arguably the most important economic report that we get each month. we'll look at dow component disney. all-time high for disney. and so if you're a shareholder, you own major indexes, you own a mutual
he is big cheese. >> is the united states losing its competitive edge. the world economic forum says yes. we'll speak to the head of the u.s. arm, kevin steinberg about surprising results in this group's new study. time for stocks. been 15 minutes since we last checked in with nicole. melissa: has it already? lori: time is flying by. we're having a great time, except if you're long the market you're not having a great time. nicole? >> we lost some of our earlier gains, that's true....
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patty, of course, famous for taking on the president of the united states on this very issue. i always admire this lady's guts for doing that. here, and, patty, you had a chance, i don't know if you watch all of the democratic convention, but to the president's point that by dialing back on attacking business or trying to say nice things about entrepreneurs, people like yourself, your colleagues here today, that this is a different president with a different message. what do you think of that? >> yeah, i think there was a lot of rhetoric. i didn't hear the details. it was interesting to me that, you know, the message of hope and change has gone away, and now he says, you know, just hope, hope that i can get it right in this second term. so, yeah, i don't -- i think they just told us what we wanted to hear and wavedded the flag and nothing's going to change. neil: you are shaking your head, butch. >> it's about hope. we hope we get it right. i heard four years ago, if it's not done in first three years, i will not run again. here we are again. neil: what did you want to hear? >
patty, of course, famous for taking on the president of the united states on this very issue. i always admire this lady's guts for doing that. here, and, patty, you had a chance, i don't know if you watch all of the democratic convention, but to the president's point that by dialing back on attacking business or trying to say nice things about entrepreneurs, people like yourself, your colleagues here today, that this is a different president with a different message. what do you think of that?...
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Sep 26, 2012
09/12
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states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanship, and i would say it really is this ability to think long term which has given us an opportunity to retain good people and also to help continue to do, to increase our business. cheryl: you know, farooq, i, like many americans i'm sure, we've all walked into an ethan allen, we've s
states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're...
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Sep 17, 2012
09/12
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they are closest to the gulf coast refineries of the united states. don't you think that's the reason for lower prices? stuart: don't misquote my gas buddy patrick. he was saying the level of taxation in those states -- sandra: in the blue states. stuart: which is always high -- go ahead. >> to throw something in here, canadian crude oil comes directly down to the chicago region and goes right through refinery northwest indiana that's pretty close to the source as well. stuart: there would be a lot more canadian oil if we built the pipeline, wouldn't there? sandra: yes. >> there would be, but it wouldn't necessarily be flowing to chicago, but the argument here all these areas in the south are close to proximity and close to the oil, well chicago has a direct connection to all the canadian oil and canada is our number one source of oil, and we have local refineries here, so why are prices are so high here? because it is because taxes are so high. -- it is because taxes are so high. stuart: excellent point. sandra: i had to state the obvious. stuart: we
they are closest to the gulf coast refineries of the united states. don't you think that's the reason for lower prices? stuart: don't misquote my gas buddy patrick. he was saying the level of taxation in those states -- sandra: in the blue states. stuart: which is always high -- go ahead. >> to throw something in here, canadian crude oil comes directly down to the chicago region and goes right through refinery northwest indiana that's pretty close to the source as well. stuart: there...
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Sep 27, 2012
09/12
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the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't q
the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that...
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Sep 24, 2012
09/12
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people in developed countries like the united states are already past the 50% penetration market. you got the smart phone. the incremental advantage of a new one, you know, is much less than the advantage for the future phone to a smart phone. >> people always trade up. you don't have total saturation. if you have one, you expect to get the new model, you drop it, you break it, it's note like you're not going to get another one. the expectations, the growth is exploding. 50 million iphones sold in the december quarter; right? that's the base bar. you know, that's the expectation. apple needs to beat that hurdle to keep forward momentum. when you only sold 150 million total units in the june quarter alone, worldwide among all the vendors, a third of the marketplace, is it poll? of course it is, but can they make them fast enough? that's the issue. >> is there backlash setting in for apple? i was watching tv in the samsung galaxy commercial makes fun of the people waiting in line for the iphone5. everywhere you go, you see the galaxy posters, point your phone up, and you get five fr
people in developed countries like the united states are already past the 50% penetration market. you got the smart phone. the incremental advantage of a new one, you know, is much less than the advantage for the future phone to a smart phone. >> people always trade up. you don't have total saturation. if you have one, you expect to get the new model, you drop it, you break it, it's note like you're not going to get another one. the expectations, the growth is exploding. 50 million...
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Sep 24, 2012
09/12
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we now know this is the worst, large major cities public school system in the united states of america. stuart: randy weingarten who led the teachers union either in new york city or new york state, she left to take the national job in washington, d.c. when she left she took with her a check for $194,000. >> from whom? stuart: that was from the taxpayers, essentially. it was for unused vacation time and sick time. a check for $194,000. >> can i make a blog for a movie that just came out. "won't back down." it is a rare hollywood movie that does not go in favor -- stuart: you should be reading the prompter. [laughter] >> i jumped the gun. stuart: this movie addresses the very subject of teachers unions and the reforms they are blocking in the intercity schools. david asman saw the movie and he will give his opinions next. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-tr
we now know this is the worst, large major cities public school system in the united states of america. stuart: randy weingarten who led the teachers union either in new york city or new york state, she left to take the national job in washington, d.c. when she left she took with her a check for $194,000. >> from whom? stuart: that was from the taxpayers, essentially. it was for unused vacation time and sick time. a check for $194,000. >> can i make a blog for a movie that just came...
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Sep 18, 2012
09/12
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freer on that the united states, one of the great success stories. it led to higher growth and if it keeps that up, within 10 to 15 years it will be a developed country. tracy: good for them. not so great for us. ian vasquez, thanks for bringing all this to us. >> thank you. ashley: interesting stuff. certainly heading in the wrong direction from third to 10th to 18? tracy: sanctity of the contract and the fact that it no longer holds i think that is really disheartening. ashley: that is pretty sad, sad statement. coming up, outrage over a new report showing 25% of all social security disability benefits are flawed. wills will tell us how it is costing you the taxpayer millions of dollars next. tracy: first look at some of today's winners with and losers on the s&p 500 as head out to break. tenet health care up on top [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be diffic
freer on that the united states, one of the great success stories. it led to higher growth and if it keeps that up, within 10 to 15 years it will be a developed country. tracy: good for them. not so great for us. ian vasquez, thanks for bringing all this to us. >> thank you. ashley: interesting stuff. certainly heading in the wrong direction from third to 10th to 18? tracy: sanctity of the contract and the fact that it no longer holds i think that is really disheartening. ashley: that is...
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Sep 11, 2012
09/12
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they are not confident the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the package, $78 million, for example, for auto racetrack owners for faster writeoffs of investments, and $248 million for movie and tv studios to keep production in the u.s. when other countries over deals, and deals for electric powered motorcycles to encourage energy goals. they justify all of them, of course, and it's hard to get rid of them. >> only right before an election, last thing members of congress want to do is talk about eliminating tax breaks that others claim help create jobs. >> get this, supporters claim they did get rid of some breaks, 21 provisions includi
they are not confident the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the...
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Sep 4, 2012
09/12
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there's the united states of america. >> a lot of folks have asked about president obama's 2004 speech, he's a person of unique ability and talent. i'm going to be myself. >> like that newcomer, barack obama, castro is a son of a single mom. his grand mother immigrated to this country, taught herself english, worked as a maid, not only did julian graduate from harvard law, so did his twin brother joaquin by one minute. >> is there any chance that you could ask your brother to substitute four? just trying the twin thing here? >> no, i doubt it you know, he's way too good looking. and he's unmarried. he doesn't have a wedding ring. >> the 37, castro is the youngest mayor of any u.s. city. he's been teased by the president for his boyish looks. >> julian castro, the best lo looking -- i'm messing with you. >> i keep hoping one day when i'm 80 years old, i'll be 40 or something. >> we asked about that generational challenge of paul ryan's speech. >> college graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading obama posters. >> if you look at the
there's the united states of america. >> a lot of folks have asked about president obama's 2004 speech, he's a person of unique ability and talent. i'm going to be myself. >> like that newcomer, barack obama, castro is a son of a single mom. his grand mother immigrated to this country, taught herself english, worked as a maid, not only did julian graduate from harvard law, so did his twin brother joaquin by one minute. >> is there any chance that you could ask your brother to...
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Sep 17, 2012
09/12
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ashley: you have the united states of europe? >> draghi said it himself, when he announced he would do everything in his power to support the single currency zone he also said later in the speech we need more europe, not less europe. so i think the two will have to go hand in hand. it will have to be political cooperation over questions like austerity. ashley: political cooperation in the eurozone. yeah. >> political cooperation anywhere these days. ashley: that is true. quickly, greece stays in or drops out? tough one, isn't it? >> greece, we would like to see them stay in because it holds everything together and it is a lot cheaper to keep greece in than to address other contagion risk if the ball starts to roll downhill. ashley: very diplomatic answer. bob kaiser, thanks for joining us. appreciate it. tracy: occupy wall street making its first anniversary mark today with a number of protest around the world but once again the focus is here in new york city. this morning protesters attempted to block people going to work at new
ashley: you have the united states of europe? >> draghi said it himself, when he announced he would do everything in his power to support the single currency zone he also said later in the speech we need more europe, not less europe. so i think the two will have to go hand in hand. it will have to be political cooperation over questions like austerity. ashley: political cooperation in the eurozone. yeah. >> political cooperation anywhere these days. ashley: that is true. quickly,...
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Sep 14, 2012
09/12
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almost everybody is for a except the president of the united states. there are things that can relieve the price of oil we are not doing. dagen: is it healthy that this is not the kind of shock that we saw in 2008 where it will spike above $100 a barrel, was $135 a barrel at the high. oil has remained relatively high for the american people in the last few years and got me chance to learn to live with it. >> that is true but also hurts everybody. certainly the lower end of the economy if you are a person who has to drive a long distance to work and you have to shell out that much more for your pay, it is a problem. natural gas is going to be a substitute that will have its day. we have an unlimited supply. dagen: would you invest in oil and commodities? >> i am already invested in oil and commodities to a great extent because as i said inflation is a genie in the bottle that will get out sooner or later and ben bernanke and all the politicians in the world can't bribe themselves enough to keep it in. dagen: it would take a healthy economy to trigger th
almost everybody is for a except the president of the united states. there are things that can relieve the price of oil we are not doing. dagen: is it healthy that this is not the kind of shock that we saw in 2008 where it will spike above $100 a barrel, was $135 a barrel at the high. oil has remained relatively high for the american people in the last few years and got me chance to learn to live with it. >> that is true but also hurts everybody. certainly the lower end of the economy if...
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states. we have been adding new jobs but not fast enough. we have a good healthy diverse economy that will see us through over the long run. >> all the ancillary towns as well especially with hotels and things like that. >> absolutely from a direct economic impact but the bigger picture, charlotte has never played on this largest age before. we have been about building charlotte over the last half century or so. this is our debut. the largest such event we ever hosted and the eyes of the world are upon us. most of your viewers and visitors have never been to charlotte before. we have a very positive city to show to our visitors and to the world and there are a lot of people we have talked to on your staff talking about how we can figure out how to move to charlotte. it is a positive product in the business of selling charlotte. tracy: thank you very much. >> thank you as welcome back. tracy: bank of america's headquarters. ashley: big banking community. the nasdaq and s&p turning positive in
states. we have been adding new jobs but not fast enough. we have a good healthy diverse economy that will see us through over the long run. >> all the ancillary towns as well especially with hotels and things like that. >> absolutely from a direct economic impact but the bigger picture, charlotte has never played on this largest age before. we have been about building charlotte over the last half century or so. this is our debut. the largest such event we ever hosted and the eyes...
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Sep 26, 2012
09/12
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across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. ♪ cheryl: it is time to make money with trial spain. he is following up on a stock, he is bravely following up on a stock. charles: tessler got hamme
across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit...
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Sep 7, 2012
09/12
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WJLA
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. >> i pledge allegiance to the e united states of america. >> the president, vice president, and their wives will to ottawa today and florida weekend, or the future of is at the top of the of voter concerns. abc news, new hampshire. keep it on abc 7 to stay informed on the issues in this election. go one-on-per will one with ann romney tonight on abc news starting at 5:00. you don't want to miss that. hearing underway the former falls church convicted ofairman child sex abuse. copartner found guilty in may of molesting katia bill girl during sleepover with his daughter. victims were nine and 10 years old. molesting two girls. he was chairman of the falls church city democratic committee 2006-2007. a fourth bill teenager sentenced to 60 years in prison for murdering his 92-year-old neighbor. the 16-year-old plant guilty to murdering thelma steele and her heights afterct they got into an argument. then he went back to a home and cash and credit cards. the state's attorney helped a press conference about the sentencing. was a horrific death. today we believe justice has .een done >> offic
. >> i pledge allegiance to the e united states of america. >> the president, vice president, and their wives will to ottawa today and florida weekend, or the future of is at the top of the of voter concerns. abc news, new hampshire. keep it on abc 7 to stay informed on the issues in this election. go one-on-per will one with ann romney tonight on abc news starting at 5:00. you don't want to miss that. hearing underway the former falls church convicted ofairman child sex abuse....
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Sep 17, 2012
09/12
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david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of investment for libya, something of great interest to our next guest. a member of the libyan royal family joining us now, good to see you again, thank you for coming in. on whose side do you fall on this issue? the president of libya or the u.s. ambassador? was it a planned attack or was it spontaneous? >> it was a planned event which was the work of qaddafi supporters. they have no shame in want to disrupt the democratic process in libya that have taken place right now. david: if it was a planned event, and we know that particular consulate was under increased threat over the past week or so, she did not hav
david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of...
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the united states is doing it. and guess what? they are not going to change. end of discussion. stuart: tres, you make so much sense, direct and to the point, we kind of like that. thank you very much. see you soon. the democrats pushing the same message they did over 30 years ago, especially on taxes. here's president carter from 1980. >> the republican alternative is the biggest tax give away in history. they call it -- [inaudible]. i call it a free lunch that americans cannot afford. the republican tax program offers rebates to the rich -- [inaudible]. stuart: i got deja vu all over again, biggest tax give away in the history, rebates to the rich and deprivation for the poor, does that sound familiar? mike reagan is here, author of the reagan revolution. there's a direct parallel in what president obama keeps on saying today and what jimmy carter said 32 years ago. direct? >> you get the idea the same speechwriter is alive and well and writing speeches today as he was writing speeches back for jimmy carter. it never changes. and they keep on throwing the same thing out to the
the united states is doing it. and guess what? they are not going to change. end of discussion. stuart: tres, you make so much sense, direct and to the point, we kind of like that. thank you very much. see you soon. the democrats pushing the same message they did over 30 years ago, especially on taxes. here's president carter from 1980. >> the republican alternative is the biggest tax give away in history. they call it -- [inaudible]. i call it a free lunch that americans cannot afford....
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Sep 13, 2012
09/12
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states coequal with the united nations and some of our partners. you have to understand it every country in the world gets up in the morning in calculates what the to do relative to u.s. power . they calculate the u.s. power is on the shelf or at least in the background, there are to step forward like this, was the cause of lift the bar and it's really difficult. charles: and events like this better happening, quarter after five in the evening. cairo, protesters, you're watching the live, still on the scene at the u.s. embassy. we have to move on to other topics. thank you very much. dagen: could to see a. of course, another big event that will happen later this afternoon. the federal reserve will make its announcement on monetary policy had 1230 eastern time. then, of course, a big press conference at 215 eastern time. you can see the clock. are we excited? here to weigh in on what he thinks the federal reserve will do. four executive vice president with the atlanta federal reserve bank. what does he think? much expectation among some investors, a
states coequal with the united nations and some of our partners. you have to understand it every country in the world gets up in the morning in calculates what the to do relative to u.s. power . they calculate the u.s. power is on the shelf or at least in the background, there are to step forward like this, was the cause of lift the bar and it's really difficult. charles: and events like this better happening, quarter after five in the evening. cairo, protesters, you're watching the live, still...
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Sep 10, 2012
09/12
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the united states has the highest u.s. corporate tax rate. presidential candidates are tackling these taxes with different plans. scott joins me now with what he thinks of old candidate. i want to start with the issue of this 35%. each candidate says, in theory, they will bring it down. obama wants 28% and romney wants 25%'s. >> i have to give the edge to mr. romney. he also wants to change the structure of our international tax system which would make the u.s. companies more competitive in the global economy and, i think, make the u.s. economy more competitive overall. cheryl: i mentioned competitive as i was talking to you. we are now number seven. what does that say to you? >> i think we are flipping in a lot of areas. the corporate tax really is one of the areas that we have to fix. we have a nieman marcus tax system. they are making themselves more competitive in high tax countries like united states. we need to fix the structure of our system. nicole here should be to make the economies more global. cheryl: i want to show our viewers so
the united states has the highest u.s. corporate tax rate. presidential candidates are tackling these taxes with different plans. scott joins me now with what he thinks of old candidate. i want to start with the issue of this 35%. each candidate says, in theory, they will bring it down. obama wants 28% and romney wants 25%'s. >> i have to give the edge to mr. romney. he also wants to change the structure of our international tax system which would make the u.s. companies more competitive...
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Sep 21, 2012
09/12
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we're the highest regulated state in the world, meaning, you know, not just the united states, not just, you know, some other nation, california is the highest regulations and no surprise, we have the second highest unemployment in the country, we have eight of the ten worst unemployment areas, we have eight of the ten wst foreclosure areas and our deficit problem is a revenue problem. liz: let's get back to the state cap and trade system in california. you know, the defenders in sacramento would say, look, this is the best way to curb pollution. our smog problem is terrible, still in places like los angeles and it's pretty much the best way to go because it's got a lot of integrity and it's the only-- the fairest way to go. would you say though, it's easily corrupted by state bureaucrats? >> first of all, their premise is wrong. i'm glad you bring that up. when it comes to regulation, you've got to have the proper balance. we've driven so many matching jobs out of the state. you know where they go? they wind up in china literally. you know where that's coming. >> they have pollution, a
we're the highest regulated state in the world, meaning, you know, not just the united states, not just, you know, some other nation, california is the highest regulations and no surprise, we have the second highest unemployment in the country, we have eight of the ten worst unemployment areas, we have eight of the ten wst foreclosure areas and our deficit problem is a revenue problem. liz: let's get back to the state cap and trade system in california. you know, the defenders in sacramento...
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Sep 14, 2012
09/12
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i think that you will see as a result gasoline prices in the united states suffer and go higher. and the consumer, even more so than in the past month, watching their wallet much more closely. neil: i agree with you. neil: i agree with you. so you should probably run the other way. but there is another argument for this. with the amount of money that we are loaning the middle east, and with money that we don't have, the u.s. dollar is the safe haven. i think people are second-guessing whether or not -- >> you think this is more of that damning indictment. so it has a more profound impact. neil: the move to keep this recovery going. even making the promise for three years, do you fear that in so doing, they plant the seeds of their own disaster? in other words, inflation comes back and a they pre-promise they're not going to do anything about it. >> i think in the short term, this is certainly a move financially as well as politically going into this november election. the. neil: but it will help the president. >> will guarantee his reelection? no. i think we have done enough dama
i think that you will see as a result gasoline prices in the united states suffer and go higher. and the consumer, even more so than in the past month, watching their wallet much more closely. neil: i agree with you. neil: i agree with you. so you should probably run the other way. but there is another argument for this. with the amount of money that we are loaning the middle east, and with money that we don't have, the u.s. dollar is the safe haven. i think people are second-guessing whether...
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Sep 12, 2012
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liz: for your sales, are you more worried about europe or the united states? >> short term, i don't worry about either that. we have long term views. i have initial investments for factories coming online in 14, 15, and 16. we use bad economic times as a time to accelerate our lead in industry, move in technology faster, invent things that are more receptive because the markets are ready for new stuff. liz: intel chips are inside the macbook air and today, apple chose at the point to announce the iphone5. you have been optical dare for a long time. how's the relationship with apple or is there tension there? >> i think it's good. they are a huge customer of ours with the mac line. we are doing great things to the. i'm optimistic with them launches with haswell next year. i would love to be in their phones and stuff, but right now, ios just runs on the other architecture. we'd love to help them do a great phone and tablet, but that's up to them. if i were them, though, you don't mess with the best. they have a good formula that works for them. we have to have s
liz: for your sales, are you more worried about europe or the united states? >> short term, i don't worry about either that. we have long term views. i have initial investments for factories coming online in 14, 15, and 16. we use bad economic times as a time to accelerate our lead in industry, move in technology faster, invent things that are more receptive because the markets are ready for new stuff. liz: intel chips are inside the macbook air and today, apple chose at the point to...
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states more competitive. connell: we talk about that a lot. the first part, i think it is pretty interesting especially from you. bill clinton argued nobody could have fooled us out of this economic mess in four years and included himself. it sounds like you think we could have been pull out of it but not in a way that some of argued. some argued we need a completely different prescription altogether. you say we needed more money spent than was spent. >> we needed more targeting of what was spent. health care was important but that should have been the second priority. first priority should have been no different than when roosevelt took office. the economy, stupid. you have to put people back to work and he has not done a good enough job and he has to get the best and brightest together and come up for the real dialogue. this is what i'm going to do. not just sweeping generalities or romney and ryan are retrograde to what failed in the first place. team needs a positive agenda for america. connell: let me as
states more competitive. connell: we talk about that a lot. the first part, i think it is pretty interesting especially from you. bill clinton argued nobody could have fooled us out of this economic mess in four years and included himself. it sounds like you think we could have been pull out of it but not in a way that some of argued. some argued we need a completely different prescription altogether. you say we needed more money spent than was spent. >> we needed more targeting of what...
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Sep 21, 2012
09/12
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tens of thousands of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: a
tens of thousands of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one...
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Sep 3, 2012
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states. it always struck me as odd that this administration would have the reputation for being anti-business particularly as vice president who hails, of course, from the state of delaware, the most friendly states in the nation to for tune 500, a state that recognizes the plead and enticement of fortune 500 or fortune 1,000, to say nothing of medium and small sized tickets who how do they get the reputation for being against it when the vice president hails to one the states most friendly to business? that is an issue i will take up with that state's governor, governor markell. welcome back, we are not going to a break. we have the governor with us right now. governor markell, you represent one of those states, actually, very friendly to business. there is a reason why big companies incorporate there. so it does have me a little perplexed as to why this is a ticket that gets the reputation, especially since a former delaware senator is the vice president, forering anti-business s that a fai
states. it always struck me as odd that this administration would have the reputation for being anti-business particularly as vice president who hails, of course, from the state of delaware, the most friendly states in the nation to for tune 500, a state that recognizes the plead and enticement of fortune 500 or fortune 1,000, to say nothing of medium and small sized tickets who how do they get the reputation for being against it when the vice president hails to one the states most friendly to...
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Sep 20, 2012
09/12
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we are seeing chinese travelers, and even this year, abroad in markets, europe or the united states, and so there's tremendous amount of appetite in china, and also, begin the rise in wealth, the absolute population, there's very few resort locations in most of asia. we're seeing a tremendous growth in demand, whether it's china, bali, coast of thailand, and here as well. >> well, the united states is still the number one market. how do you feel about the domestic u.s. economy? and the stock, itself, over the last year, your stock up 35%. do you feel you can keep the growth going for shareholders? >> yeah, so first of all, in terms of u.s. market, here's what's going on. the u.s. economy, clearly, in a slow recovery, relative to the depth of the recession that we all went through in 2009. on the other hand, for more than a decade now, unlike other forms of commercial real estate, the hotel market has not been built out. it's been built out actually below trend line over the time period. although we look at 8% plus unemployment in the u.s., we're looking at occupancies that feel more
we are seeing chinese travelers, and even this year, abroad in markets, europe or the united states, and so there's tremendous amount of appetite in china, and also, begin the rise in wealth, the absolute population, there's very few resort locations in most of asia. we're seeing a tremendous growth in demand, whether it's china, bali, coast of thailand, and here as well. >> well, the united states is still the number one market. how do you feel about the domestic u.s. economy? and the...
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and they are all available to the people of the united states of america. the house and nothing moves in with the republicans wanted to her. and they are in the senate. but they are available to the american people. neil: the president also say that i have a record. >> yes, sure. first, he's going to say that i have plans, using do you have plans. let me see your plans and frankly -- i will support it on the spot. but don't tell me that you have plans, but not details of plans. nixon did that. [talking over each other] [talking over each other] >> this is a very important point. if he holds his plans, i don't care about how much money he makes, he can tell whatever stories he wants. that doesn't bother me. but if you say that you have plans and he won't show them until after you win, -- neil: enough about his general across the board -- [talking over each other] neil: his plans are indeed his record. what is good for the goose has to be good for the gander, right? >> i think he's going to win the. neil: who is going to win? >> obama. he will win by a small
and they are all available to the people of the united states of america. the house and nothing moves in with the republicans wanted to her. and they are in the senate. but they are available to the american people. neil: the president also say that i have a record. >> yes, sure. first, he's going to say that i have plans, using do you have plans. let me see your plans and frankly -- i will support it on the spot. but don't tell me that you have plans, but not details of plans. nixon did...
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Sep 10, 2012
09/12
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here in the united states we are having great debate over budget. israel faced drastic economic situations in early 80s. how did israel get hold of its financial problems to the point where you now have an economy that is on par with that of a country in europe? >> i think discipline. that's the answer, discipline. when we come to literally almost bankruptcy in the mid 80s, then we took ourselves and started to be disciplined in fiscal discipline and working within the framework and since the mid 80s and then we create some rules in early 90s and past nine years we are strictly disciplined in the framework of budget and deficit. and we cannot break this framework. and this is something that all politicians in israel understand and follow, and this is why i think we gain trust of investors and we gain trust of the lenders and we manage to overcome our economy. adam: you know, you're in a part of the world where you are surrounded by neighbors who are are hostile to your economic interest and yet the economy of israel has grown in the last 20 years, s
here in the united states we are having great debate over budget. israel faced drastic economic situations in early 80s. how did israel get hold of its financial problems to the point where you now have an economy that is on par with that of a country in europe? >> i think discipline. that's the answer, discipline. when we come to literally almost bankruptcy in the mid 80s, then we took ourselves and started to be disciplined in fiscal discipline and working within the framework and since...
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states. the ftse up 12% and the cac index of 12% and bank stocks, french bank stocks up 7%. certainly a lot of positive reaction to this news but there are critics who say that the pcb is just throwing money at the problem. this is tantamount to finding governments by printing bank notes. there you go. strongly opposes this move. there are those who say it helps bring confidence back and brings down borrowing costs. bottom line is what does it do to address the euro zone debt crisis itself. this does not address it. it is down to individual governments to get their fiscal house in order. it could be a long time before that can be accomplished. >> the dow is up 220 points and the s&p up 26. it has been a real rally. let's take it to the traders at the stock exchange. john core team of legal very broad based rally. if you had to pick one is it a good private sector job numbers? let's not ignore that. we had job gains of 280,000. >> you are right. the economic data out of washington clearly is s
states. the ftse up 12% and the cac index of 12% and bank stocks, french bank stocks up 7%. certainly a lot of positive reaction to this news but there are critics who say that the pcb is just throwing money at the problem. this is tantamount to finding governments by printing bank notes. there you go. strongly opposes this move. there are those who say it helps bring confidence back and brings down borrowing costs. bottom line is what does it do to address the euro zone debt crisis itself....
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Sep 19, 2012
09/12
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fundamentally changing the character of the united states not only internally but also in regards to our allies abroad. neil: don't you think that president reagan a debate with jamie carter, was -- with jimmy carter was to say i dream bigger, i think we can do better. we're so grateful now, if the numbers are not as sucky as they were, and job losses not as severe as they were before we're grateful. we know in a recovery at this stable, we should be booming, that is what romney has to do, say his definition of a recovery is this. >> right now. as you are were saying the economy is very weak, right now we're teetering in two areas with our economy, domestically, and in global stage, because of what happened abroad. when you teeter, you want someone in command who knows what he is i do, says clearly what he is doing, and all these other things are a distraction. neil: that is amazing his personal appeal that a president sheparding this economy. >> right, that is what i'm saying, he is saying he is a liklikeable guy. neil: so he should say he is an sob and evil. >> no, but he came from
fundamentally changing the character of the united states not only internally but also in regards to our allies abroad. neil: don't you think that president reagan a debate with jamie carter, was -- with jimmy carter was to say i dream bigger, i think we can do better. we're so grateful now, if the numbers are not as sucky as they were, and job losses not as severe as they were before we're grateful. we know in a recovery at this stable, we should be booming, that is what romney has to do, say...
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Sep 1, 2012
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. >> in a world of serious threats, i will never hesitate to use force to defend the united states of america or our interests. at the same time, i will only ilnd you into harm's way when it is absolutely necessary. and when we do, we will give you the equipment and the clear mission and the smart strategy and the support back home that you need to get the job done. (cheers and applause) we owe you that. >> reporter: the president will spend this labor day weekend stumping in several battleground states but the white house battleced today, scott, he will cottutting short a visit to ohio on monday so that he, too, can tour the destruction in the gulf. >> pelley: nancy, thank you very much. in syria's civil war the fight for the country's largest city has been going on for weeks and we got some astounding pictures in the newsroom today. the video shows entire neighborhoods of aleppo reduced to rubble. syrian warplanes have been bombing them. this was a city of three million people. ee assad dictatorship has been trying to crush a rebellion that broke out nearly a year and a half ago. 2.
. >> in a world of serious threats, i will never hesitate to use force to defend the united states of america or our interests. at the same time, i will only ilnd you into harm's way when it is absolutely necessary. and when we do, we will give you the equipment and the clear mission and the smart strategy and the support back home that you need to get the job done. (cheers and applause) we owe you that. >> reporter: the president will spend this labor day weekend stumping in...
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Sep 2, 2012
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>> as you mentioned he was a really controversial figure especially in the united states. he himself claimed to be the messiah who was finishing up the work that jesus christ left undone. so a lot of folks called him a cult leader. but he also did start something of a global movement. and i think whenever a charismatic leader founder someone like moon dies there is always the question of what happens to the movement. now one of his sons will be taking over the church. there is a question of if the movement has a future and how will it look going forward. >> let's talk about how religion might be playing a role in the conventions and presidential race now. how important is religion to voters in the selection of who should be in the white house? >> it's really important. it's a really good predictor, actually of how an american casts a ballot for a president. in recent elections it has been a better predictor how often you go to church than income level than whether you live in a rural area or a city or whether you are a man or woman. it is a really strong predictor of how s
>> as you mentioned he was a really controversial figure especially in the united states. he himself claimed to be the messiah who was finishing up the work that jesus christ left undone. so a lot of folks called him a cult leader. but he also did start something of a global movement. and i think whenever a charismatic leader founder someone like moon dies there is always the question of what happens to the movement. now one of his sons will be taking over the church. there is a question...
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if the president of the united states tonight continues with a theme of, elizabeth warren, and, the sudden populist drive of former president bill clinton clinton, election may be not close at all because the american people don't want to hear about us and them, telling them that the system is rigged. what they want is a fair, square deal. all they had to do was go back and look at the history of the democratic party. this isn't it. this is an anomaly. this is a departure. melissa: she is right the system is rigged. rigged against anybody that goes tout there to try to earn some money because the government is going to take it away from you. she is right but won the exact wrong point or conclusion. >> i have advice, since you prompt me in that direction for the republicans. republicans shouldn't get in a whine-off with the democrats. big boys and girls run big companies in this country and small business. it is time for everybody to stop the whining and get moving. what we desperately need in this country is a leader, in the senate, in the white house, who isn't whining, who isn't protecti
if the president of the united states tonight continues with a theme of, elizabeth warren, and, the sudden populist drive of former president bill clinton clinton, election may be not close at all because the american people don't want to hear about us and them, telling them that the system is rigged. what they want is a fair, square deal. all they had to do was go back and look at the history of the democratic party. this isn't it. this is an anomaly. this is a departure. melissa: she is right...
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the problem is 80% of their employment is outside the united states and that is the problem. our education levels are falling. people willing to work hard in the older generation unfortunately. a company like apple employees one out of five feet in the united states instead of a broad. that is the sad thing. it is much more than that in my view. is a factor of leadership and leadership creates certainty. the certainty will start -- [talking over each other] tracy: hopefully we get that out of this election. thank you for sharing this. dennis: breaking news. apple just invited the media to and event wednesday, sept. 12 in san francisco. could be the debut of a new iphone 54 new smaller ipad. amazon and google all introducing new gadgets to preempt that apple announcement next week. coming up we will show you how tiger woods became the first golfer to tea up over $100 million on the pga tour. tracy: gas prices leading democrats in charlotte. oil analyst john kingston and have on whether prices are headed lower and by how much. as we do every day at this time let's look at how o
the problem is 80% of their employment is outside the united states and that is the problem. our education levels are falling. people willing to work hard in the older generation unfortunately. a company like apple employees one out of five feet in the united states instead of a broad. that is the sad thing. it is much more than that in my view. is a factor of leadership and leadership creates certainty. the certainty will start -- [talking over each other] tracy: hopefully we get that out of...
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Sep 19, 2012
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the fbi has already warned that several crimes pose a major threat to the united states. the latest in from bankamerica telling fox business that online banking systems remain secure in the vast majority of customers did not experience any issues. although, the slowdown does -- did begin in the morning. this is related to the amateur film allegedly mocking the profit of pop -- mohamad and the mideast terror group proposing a taking responsibility. intelligence sources telling fox business that can i confirm that, but this is an issue we are seeing. dennis: thank you very much. and shares of general mills getting a whip following positive third quarter earnings that beat the street. the maker of cheerios, betty crocker products, you play yogurt added last summer which helped lift sales. also announcing, the iconic jolly green giant is back. a gentler version to coax more kids into eating their vegetables so that the maker can sell more peas and carrots. expect to see him back on tv this week. cheryl: on the heels of that time it looks like kids are not the only ones who ne
the fbi has already warned that several crimes pose a major threat to the united states. the latest in from bankamerica telling fox business that online banking systems remain secure in the vast majority of customers did not experience any issues. although, the slowdown does -- did begin in the morning. this is related to the amateur film allegedly mocking the profit of pop -- mohamad and the mideast terror group proposing a taking responsibility. intelligence sources telling fox business that...
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Sep 25, 2012
09/12
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here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new york city mayor rudy giuliani talking about everything we heard right there. as the president talks about reaction to the movie. it is his reaction to everything that happened appropriate? we have terrorists targeting our ambassadors in the middle east and we're talking about this movie. we'll get rudy giuliani's take on that the u.n. is in town. what does it cost us and is it worth it. lori: my mother-in-law is across the street. she is beside herselves on the traffic issues. melissa: what do we get about this whole thing? rudy giuliani coming up 5:00 p.m. eastern here on "mone
here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new...
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states. that's what you need. that's why i'm running. >> reporter: cnn, atlanta. ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. covering 2,000 more 4g cities and towns than verizon. at&t. rethink possible. trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day, block the acid with prilosec otc and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> president obama working hard to chip away at the unemployment rate as election day nears. we are now officially two months out today. bit of good news when it comes to the jobs front. labor department says 365,000 people filed for new unemployment benefits last week. that is down 12,000 from the w
states. that's what you need. that's why i'm running. >> reporter: cnn, atlanta. ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. covering 2,000 more 4g cities and towns than verizon. at&t. rethink possible. trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and drive thru weddings. so if...
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Sep 5, 2012
09/12
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switzerland, singapore, finland, sweden, the netherlands, germany and the united states. in a previous segment, john carney said to ignore the quote pinheads at the world economic forum. are you? >> i don't ignore them. i want to ask you a question. put the shoe on the other foot here. here's the list of what matters according to them for competitiveness. institutions, infrastructure, macroeconomy, health and primary education and higher education. my question to you is which candidate is talking about all five of these things? >> none. >> to what extent is the united states engaged in a debate of institutions, infrastructure -- >> i shouldn't say none. we are around the margins. >> around the edges. >> the three is big focus obviously. obama touched on education and as mitt romney -- >> if this stuff matters, we ain't talking about it. okay? we are talking about the deficit which matters. that's part of -- i've only showed you five of the 12 pillars they call them. guys, do we have those full screens back there? those charts i wanted to put up. put up the first one here.
switzerland, singapore, finland, sweden, the netherlands, germany and the united states. in a previous segment, john carney said to ignore the quote pinheads at the world economic forum. are you? >> i don't ignore them. i want to ask you a question. put the shoe on the other foot here. here's the list of what matters according to them for competitiveness. institutions, infrastructure, macroeconomy, health and primary education and higher education. my question to you is which candidate is...
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equities, treasuries, and worst still the united states, the bad lot. people are going to maintain them and we're outperforming and many versus india and russia and the money is slowing out of the u.s. and you see the money coming here. so far so good. and the scenario is right about bernanke being proactive and the money keeps coming. >> every time you come to the program, a great guest for us to have and we appreciate that. you said, look, go for the big name, international companies, are you still there? >> still there because we like the global footprint and the core competencies and the global brand. it takes decades, good management and core competence to build that out. and apple, ge, ibm, not recommending those, they're good global brands around for 50, 100 years, and they're going to be around for another hundred years. >> joe, good stuff. we appreciate it, thank you so much. sir. time for the gold report. almost at 950 eastern. where are we now? look at that. 1693. big gain friday. and modest gain this morning and very close to 1700 bucks an o
equities, treasuries, and worst still the united states, the bad lot. people are going to maintain them and we're outperforming and many versus india and russia and the money is slowing out of the u.s. and you see the money coming here. so far so good. and the scenario is right about bernanke being proactive and the money keeps coming. >> every time you come to the program, a great guest for us to have and we appreciate that. you said, look, go for the big name, international companies,...
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we've dropped again, four years in a row, and now six different nations top the united states in the world economic forum's list of the most competitive economies. dagen: and this will go over well, in greece, calls to increase the workweek there to six days. say it ain't so. connell: say it ain't so. a lot to talk about today. at the top of the hour, before we talk about anything else, let's do stocks now as we do every 15 minutes with nicole petallides. disney today, all-time high. nicole: we have a long-term chart of disney to take a look at here. when you look at it year to date, up over 30%. hitting all-time high of 51.13. recently we found that between april and june, disneyland resort drew the most visitors than it ever had before in the same period. of course you think of disneyland, you think of disney resorts, you think of also media and film. films like the avengers for example. disney certainly has recent success and that is evident here in the stock up 2 1/2%. the major market averages the dow right now is up about 8 1/2 points. back above the 13,000 mark. we're watching
we've dropped again, four years in a row, and now six different nations top the united states in the world economic forum's list of the most competitive economies. dagen: and this will go over well, in greece, calls to increase the workweek there to six days. say it ain't so. connell: say it ain't so. a lot to talk about today. at the top of the hour, before we talk about anything else, let's do stocks now as we do every 15 minutes with nicole petallides. disney today, all-time high. nicole: we...
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Sep 12, 2012
09/12
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more inside the united states. something close to 9/11 but maybe not identical to the one thank you very much. we find it kind of scary, but a we find it kind of scary, but a reminder that it's history. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. neil: you know, all this time i thought it was the kids that were the victims of the chicago teachers strike. leave it to "the new york times", specifically the teachers unions, the times headline says it all in the latest scandal. unions under siege. that even had to get your attention. >> it did, it did two. neil: do you think they are under siege? >> they are not popular in america today. my difficulty with this strike in chicago is i think it is not the right strike and that's not the right side of the right time. and i think it's going to do more damage for a lot of unions but it's going to do good. >> richard trumka, the ceo, talk to him at the convention. one of the things he did tell me was w
more inside the united states. something close to 9/11 but maybe not identical to the one thank you very much. we find it kind of scary, but a we find it kind of scary, but a reminder that it's history. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. neil: you know, all this time i thought it was the kids that were the victims of the chicago teachers strike. leave it to "the new york times", specifically the...
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Sep 15, 2012
09/12
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may god bless these united states of america. . keeping up wi the kids is ugh, so i drink emergen-c. with vitamin c for immune support and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. hey america, even though slisa rinna is wearing the new depend silhouette briefs for charity to prove how great the fit is even under a fantastic dress. the best protection now looks, fits and feels just like underwear. we invite you to get a free sample and try one on too. >>> new poll numbers are down
may god bless these united states of america. . keeping up wi the kids is ugh, so i drink emergen-c. with vitamin c for immune support and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most...
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Sep 19, 2012
09/12
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FBC
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and so you know the united states has china dead to rights on this. ashley: gordon, this has been going on for years as has manipulation about the china because yuan and we fret over it and nothing changes. will it take a trade war to get something done if it is effective and is that really what we we need at this time? >> you never need a trade war but the united states is perfectly suited to wage one. we always worry about it. we're the current account deficit country. last year's china's merchandise trade surplus against the u.s. was 190.5 of its overall surplus. that is an incredible number. china is so beholden to the american market. so there never will be a trade war because the chinese can't afford to wage it. tracy: yet, it seems that gets missed in the headlines all the time. the notion that china needs us more than we need them. why is that? what is it that they're doing that somewhat frightens most companies here in the united states? >> well you know, they have an export dependent economy and, clearly it got problems in europe because eur
and so you know the united states has china dead to rights on this. ashley: gordon, this has been going on for years as has manipulation about the china because yuan and we fret over it and nothing changes. will it take a trade war to get something done if it is effective and is that really what we we need at this time? >> you never need a trade war but the united states is perfectly suited to wage one. we always worry about it. we're the current account deficit country. last year's...